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Global 500

Kena Betancur—AFP/Getty Images

20

AT&T

T

U.S.

It was supposed to be a year of triumph for AT&T CEO Randall Stephenson’s growth through diversification strategy, but the Trump administration had other ideas. Even though subscribership had slipped at DirecTV, Stephenson’s earlier diversification play, antitrust regulators sued AT&T to block its acquisition of entertainment power Time Warner. A federal judge ruled in June that the merger could go forward, but the Justice Department has filed to appeal the decision. Overall, revenue declined 2% as unlimited wireless data plans and a shrinking pay TV audience cut into sales growth, despite gains from AT&T’s new Internet TV service and strong Latin American expansion.

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CEO

Randall L. Stephenson

Sector

Telecommunications

Industry

Telecommunications

HQ Location

Dallas

Years on Global 500 List

24

Employees

254,000

Acquired Time Warner (2017 rank: 379), June 14, 2018.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$160,546-2.0%
Profits ($M)$29,450.0127.0%
Assets ($M)$444,097
Total Stockholder Equity ($M)$140,861
Profit Ratios
Profit as % of Revenues18.3%
Profits as % of Assets6.6%
Profits as % of Stockholder Equity20.9%
STOCK QUOTE
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